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News Breaks | | | | October 22, 2012 | | 09:39 EDT |  | HSTM | Healthstream acquires Sy.Med Development for $7.05M and stock
HealthStream announced the acquisition of Sy.Med Development, Inc., a developer of credentialing related software products that serves a broad set of healthcare clients. HealthStream purchased all of the shares of Sy.Med for approximately $7.05M in cash consideration and 34,060 shares of HealthStream’s common stock. Up to an additional $1.5M in cash will be paid over a two-year period following closing, subject to the achievement of certain milestones post-closing. | |
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